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Under the new policy, World Bank will almost quadruple the Metro subsidy it provides to commuters working in its Washington headquarters to as much as $150 a month and cut the cost for using the institution’s childcare facility by 20%, Bloomberg reports.

The expanded menu can include things like: Financial benefits ( retirement plans , additional life insurance, financial planning services, student loan repayment assistance);Health and wellness options (additional health insurance coverage, gym memberships , mental health support, wellness programs );Lifestyle benefits ( caregiving subsidies , pet insurance , home office stipends);Professional development offerings ( tuition reimbursement , conference fees, online courses, leadership development , mentorship );Additional PTO.; “Offering even some level of flexibility in your rewards offerings can help employees feel more valued and empowered, which can also help improve recruitment and retention efforts,” Spencer said.

Bearing more of these costs today, employees may request additional compensation or subsidies.

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Instead, employers will often offer an allowance or refund for the purchase of a device, as many well-being vendors offer a subsidy arrangement with the major device manufacturers to offer bulk-shipping rates for organizations.

Other recent benefits and incentives that Chinese authorities have rolled out to boost the birth rate include longer maternity leaves, financial and tax benefits and housing subsidies for having children.

FIVE EMERGING WORKPLACE TRENDS 1.

“Rather than firms engaging in traditional salary wars,” he said, “this year we could see companies compete by ramping up travel subsidies, flexibility or allowing staff to commute in during off-peak periods to help counter rising costs.”

Table 1 reports the 17 items of the UWES, which are scored from 1 to 5 on a standard disagree to agree Likert scale.